Balance of payments, July 2011

Current account

Current account was EUR 0.2 bn in surplus in July 2011, ie roughly the same as a year earlier.

• In BOP terms, trade account was EUR 0.1 bn, ie almost in balance as a year earlier.

Financial account

Net capital outflow of EUR 1.3 bn.

• Net outflow of EUR 1.6 bn in direct investment.
• Net outflow of EUR 4.6 bn in portfolio investmentNet inflow of EUR 0.3 bn in portfolio investment.
• Net outflow of EUR 0.1 bn in other investment (loans, deposits and trade credits).

Net international investment position at end-July

Finnish residents’ foreign assets exceeded foreign liabilities by EUR 28 bn.

• Foreign assets totalled EUR 578 bn.
• Foreign liabilities totalled EUR 550 bn.

Foreign net liabilities excluding equity items totalled EUR 49 bn.